3925 Atherton Rd., Rocklin - Black Mountain Properties, LLC

Owner-User Opportunity
$5,360,000 ($190/SF)
3925 Atherton Rd. | Rocklin, CA
PROPERTY DESCRIPTION
Located in Stanford Ranch, 3925 Atherton Road is a 28,196 rentable square foot office/flex building that is part of the Atherton
Tech Center Business Park, one of Rocklin’s most prestigious business park environments. Stanford Ranch is a 3,500-acre, masterplanned community within Placer County that offers a unique mix of residential, commercial, and retail development. The project
is located on the Highway 65 Corridor which is home to many of South Placer’s largest employers, including HP, NEC, Oracle and
the newly constructed Placer County Justice Center. Other nearby amenities include the recently expanded Roseville Galleria Mall;
restaurants such as Applebee’s, Macaroni Grill, Fresh Choice, Starbuck’s Coffee, Fat’s Restaurant, Chili’s; excellent schools; and a
large medical community including Kaiser Permanente & Sutter Medical.
3925 Atherton Road is an excellent owner/user opportunity with a prime location and significant upside potential. The property
has approximately 28,196 square feet available. At $190 per square foot, 3925 Atherton Road is priced below replacement cost
and represents an excellent opportunity to lock in a below market occupancy cost for the long term.
Exclusively Listed By:
Rick Patterson, CCIM
Sr. Vice President
Tel
916.677.8141
[email protected]
2250 Douglas Boulevard
Suite 200
Roseville, CA 95661
Tel
Fax
916.677.8000
916.677.8199
www.tricommercial.com
John Walston
Senior Advisor
Tel
916.677.8128
[email protected]
The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation express or implied is made as to the accuracy of the information contained herein.
All information should be verified by the recipient prior to purchase or execution of legal documents.
3925 Atherton Rd., Rocklin
C ONTENTS
Summary
PROJECT SUMMARY
Building Size:
±28,196 RSF
Offering Price: $5,360,000
Age:
Completed in 2001
Price per SF:
$190.00
Construction:
Concrete Tilt-up
SF Available:
±28,196 SF
First Floor:
Concrete slab
Walls (exterior): Texcote
Walls (interior): Sheetrock on metal studs
Lot Size:
±2.94 AC
Parking:
Surface parking to code, approximately
5 spaces per 1,000 SF
Zoning:
PD - LI
Use:
Business Professional
PROPERTY FEATURES
• Mature Business Park Environment
• Immediate Freeway Access
• Jogging/Walking Path
• Several newly constructed Hotels near by
• 100% Office Buildout on Vacant Space
NEARBY FOOD SERVICES
NEARBY SHOPPING
• Starbucks
• Chili’s
• RC Willey
• Petco
• Cabos Cantina
• Chevy’s
• Sportsmans Warehouse
• Target
• Carl’s Jr./Green Burritto
• Woody’s Grill
• Office Depot
• Express Wok Chinese
• Lucille’s Bar-B-Que
The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation express or implied is made as to the accuracy of the information contained herein. All information
should be verified by the recipient prior to purchase or execution of legal documents.
3925 Atherton Rd., Rocklin
East. Ave
McCourtney
Sutter County
Placer County
Nicolaus Rd
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Blvd
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College Blvd
Laguna Rd
Bl
St
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Pa
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Rd
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Co
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Pla
Sierra College Blvd
El D
Santa
Juanita Ave
d
Main Ave
Hazel Ave
Hickory Ave
Kenneth Ave
Blvd
Sunrise
ld
vd
Bl
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Rd
ine
tL
Gr
an
a
rn
Rd
e
in
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G
Excelsior Rd
Bradshaw Rd
Jack
s
Florin Rd
Calvine Rd
Rd
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LAGUNA
CREEK
Bond Rd
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tL
d
G
Blvd
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unt
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Auburn Blvd
Zi
nf
a
Elk Grove Florin Rd
Freepor t Blvd
Franklin
Fo
ls
Garfield Ave
Fair Oaks Blvd
Walnut Ave
Ro
South Watt Ave
Power Inn Rd
65th St
24th St
San Juan Ave
Manzanita Ave
vd
Bl
n
Au
bu
r
Watt Ave
Fulton Ave
65th St
ort B
lvd
Free
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Riverside
Ave
Rd
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vil
Ro
vd
Bl
Rd
le
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Hi
Ro
Watt Ave
Blv
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Ma
Howe Ave
St
16th
Eastern Ave
d
Norwood Av e
Rio Linda Blvd
Northgate Blvd
El Camino Ave
Harbor Blvd
lvd
ffe
rso
nB
Je
lvd
Riv
ers
ide
B
Fair Oaks Blvd
Fiddyment Rd
Pl
eas
Foothills Blvd
Pleasant Grove Rd
Brewer Rd
Cook Riolo Rd
Power Line Rd
Airport
Blvd
Jefferson Blvd
Ra
H
o
Yolo C
Sacram
160
Douglas Rd
Kiefer Blvd
Sheldon Rd
or
Bl
Gerber Rd
Galleria
Mall
Gerber Rd
Big
Rd
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kw
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FLORIN
Mack Rd
5
e
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Florin Rd
Ce
Blvd
Meadowview Rd
City
99
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Mather
AFB
Sunrise Blvd
Rd
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nkli
Fra
rin
Flo
Sacramento
Exec. Airport
rie
lvd
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SACRAMENTO
Elder Creek Rd
47th Ave
nr
Kiefer Blvd
Fruitridge Rd
Seamas
Ave
Su
Old
Rd
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Place
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Pra
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WEST
SACRAMENTO
lvd
Broadway
160
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Cit
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R
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Ro
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Rd
Broa
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B
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80
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Inte
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Wh
White R
Fi
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50
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Blu
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Winding Way
Colo
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mento
Sunset Ave
Go
Alta Arden
160
Sacramento
Ave
Madison Ave
FAIR OAKS
CARMICHAEL
El Camino Ave
Arden Way
ORANGEVALE
Fair Oaks Blvd
Marconi Ave
Sacra
try
un
El Camino Ave
5
Oak Ave
rie
r
San Juan Rd
80
R
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bu
Au
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Dr
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Ar vd
Bl
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Park
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Old
Madison Ave
GRANITE
BAY
Eureka Rd
Old Auburn
Rd
Twin Oaks Ave
Winding Way
Douglas Blvd
Pra
Winona
Cirby Way
CITRUS HEIGHTS
Madison Ave
Main Ave
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Arco
ounty
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Yolo C
Sacram
Rele
Arco
Arena
St
Greenback Lane
Rd
Laird

Del Paso Rd
Cavitt Stallman Rd
Barton Rd

5
St
d
ka R
NORTH
HIGHLANDS
Elkhorn Blvd
McClellan
AFB
RIO
LINDA
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no
Antelope Rd
70
Pk
Rocklin Rd
80
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P.F.E. Rd
Galleria Blvd
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Wh
Atla
Main St
Elverta Rd
ille
Blvd
Junction
Sacramento
County
99
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sev
vd
Bl
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gto
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Ple
Blvd
Sutter County
Elkhorn Rd
84
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Base Line Rd
Elverta Rd
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Ro
King Rd
ylo
Ta
St
anf
or d
Blue Oaks Blvd
ROSEVILLE
R
anch Rd
d
Blv
Sunset
LOOMIS
rR
d
Stanford
Tay
lo r
Industrial Ave
65
SITE
Riego Rd
Sierra
Twelve Bridges Dr
West Sunset Blvd
Newca
Tu
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Fols
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Aubu m
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Moore Rd
Moore Rd
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k
Clar
LINCOLN
Athens Blvd
Placer
Justice
Center
Rd
Newcastle Hwy
East Catlet Rd
SITE
ise
b
Pleasant Grove Rd
C ONTENTS
Aerial & Map
E
N
W
Virginiatown Rd
d
ll R
Hi
99
Lincloln
Airpark Dr
Airport
Blvd
9th St
Rd
d
ol
Nicolaus Ave
ise
G
Brewer Rd
70
W
Wise Rd
West Wise Rd
ELK GROVE
o
unty
ento C
Elk Grove Blvd
Elk Grove Blvd
The information provided while not guaranteed has been secured from sources we deem reliable. However,
no warranty or representation express
or implied is made as to the accuracy of the information contained herein. All information
should be verified by the recipient prior to purchase or execution of legal documents.
1mi.
3925 Atherton Rd., Rocklin
Financials
C ONTENTS
OWNER-USER ANALYSIS
SBA 504
Project Name:
Building SF:
Purchase Price:
Tenant Improvements
Totals:
3925 Atherton Road
28,196
Purchase Details
Cost per Square Foot
$190
$0
Total $190
LOAN AMOUNTS
Down Payment
25.00%
Bank Note
37.50%
SBA
37.50%
Financed SBA Fees 2.77%
Total
Total
$5,360,000
$0
$5,360,000
CLOSING COSTS
$1,340,000
$2,010,000
$2,010,000
$55,677
$4,075,677
Appraisal
Bank Fees
Miscellaneous
Total
Closing Costs
$3,500
$20,100
$15,075
$38,675
PROPOSED FINANCING
Monthly Payments
Bank Note:
SBA Debenture:
Total Financed
$2,010,000
$2,065,677
Owner occupied square footage
Additional Tenant(s) occupied square footage
Rental income collected per foot/mo.
Less Est. Annual Building Operating Expenses:
Less Annual Debt Service:
Net Annual Cost Before Taxes:
Interest Rate
6.75%
5.25%
Amortization
Due Date
300
120
240
240
Total Monthly Debt Service
Total Annual Debt Service
OWNERSHIP COST ANALYSIS
28,196
0
$0.00
$3.85 psf
Cost Per Sq.ft Per Month Calculation
Net Annual Cost Before Taxes (from above)
Net Monthly Cost Before Taxes:
Divided by SQ.Ft Occupied:
Before Tax Ownership Cost per sf/mo on a modified gross basis:
After Tax Ownership Cost per sf/mo:
Equity Build Up Annually:
Equity Build up over 5 years:
0.00% Vacancy
($13,887)
($13,919)
($27,807)
($333,681)
$0
($108,555)
($333,681)
($442,236)
($442,236)
($36,853)
28,196
($1.31)
($0.83)
$91,965
$517,735
PREPARED BY:
Rick Patterson, CCIM
TRI COMMERCIAL
916-677-8199
The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation express or implied is made as to the accuracy of the information contained herein.
All information should be verified by the recipient prior to purchase or execution of legal documents.
3925 Atherton Rd., Rocklin
Floor Plan
C ONTENTS
The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation express or implied is made as to the accuracy of the information contained herein.
All information should be verified by the recipient prior to purchase or execution of legal documents.
3925 Atherton Rd., Rocklin
Photos
C ONTENTS
The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation express or implied is made as to the accuracy of the information contained herein.
All information should be verified by the recipient prior to purchase or execution of legal documents.